Showing posts with label Cheque. Show all posts
Showing posts with label Cheque. Show all posts

Cheque

Cheque: As per Negotiable Instrument Act-1881, Article-6
A 'Cheque' is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.
A Cheque is an unconditional order in writing drawn on  a banker signed by the drawer, requiring the banker to pay on demand a sum/certain money to or to the order of a specified person or to bearer.-Dr. Hart.